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Acquistion
Status
Complete
Acquirer
Target
Announcement Date
19 Jan 2011
Closing Date
19 Jan 2011
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Doha Bank provides conventional and Islamic commercial banking, brokerage, wealth management and insurance services, directly and through subsidiaries in Qatar and abroad.
In Qatar, the bank operates an insurance provider, the Doha Bank Assurance Company (DBAC). Its international activities include the Doha Brokerage and Financial Services (DBFS), a joint venture based in India; and Dbank Tech, which provides research and investment services in the UAE.
Doha Bank is the country’s third largest bank in terms of total assets, which grew by 2.7% to QAR47.2 billion (USD13 billion), in 2010. The bank also increased its revenues, by 2% to QAR2.9 billion (USD815 million) and net profits, by 8.3% to QAR1.05 billion (USD288 million).
Major Shareholders  |
Section Updated: 27Sep11
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Qatar Investment Authority
|
Government |
Qatar |
16.67% |
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Public
|
|
- |
83.33% |
25%
GCC Nationals
25%
Foreigners
|
Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Dbank Tech |
UAE |
100.00% |
| Doha Brokerage and Financial Services [DBFS] |
India |
49.00% |
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Auditors
| Deloitte and Touche Middle East |
|
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
QAR'000 |
QAR'000 |
change (%) |
Total revenues  |
2,969,459
|
2,809,799
|
(5.38) |
Net profit  |
1,054,245
|
1,241,154
|
17.73 |
| Total assets |
47,229,611
|
52,420,292
|
10.99 |
| Paid-up capital |
1,894,730
|
2,066,978
|
9.09 |
| Shareholders' Equity |
6,034,493
|
7,081,203
|
17.35 |
| Shares outstanding |
189,473
|
206,698
|
9.09 |
| Market capitalization |
12,315,745
|
13,249,329
|
7.58 |
| » View Full Financials |
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